ASX: FAL Charting, page-136

I should add that I took profits from energy sector to buy Falcon, in addition to shares from Chalice..

I sold some positions that I didn't want to sell, but Falcon selling at a few cents above cash value was too compelling to pass up.

I'm a long term Chalice holder which is how I knew about this.

Some positive points:
1. Great Management.
2. Plenty of $ to drill without going to market every year.
3. Spinoffs are notoriously under valued and under followed.
4.Falcon has 8.55 % of shares held by institutions already, rare for a spinoff.
5. $25M in cash/$187K in debt
6. Tim Goyder is the largest shareholder, after Franklin Gold fund.
7. On strike with Fosterville.
8. Largest land package in district, with many positive drilling sites.
9. Low share count.
10. If they hit, lots of media attention to drive up demand in Victoria, vis a ve W.A.

That's some of my reasons.

I'm sure that there are more than that to be added.

Don